Monsta Cola hires us to help assign and report costs. The company has two departments: mixing...

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Monsta Cola hires us to help assign and report costs. The company has two departments: mixing and bottling. To aid our analysis, the following Tableau Dashboard is provided with information for the mixing department. The company uses the weighted average method. Beginning inventory Work in Process Inventory (In Units) Units started this period Units completed and transferred Ending inventory 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 100% 80%- Work in Process Inventory Percent Complete Beginning Ending 100% 80%- 60%- 40%- 20%- Work in Process Inventory Percent Complete Beginning Ending 0% Direct Materials Conversion Direct Materials Conversion Work in Process Inventory Costs Beginning Inventory Costs Inventory Costs Added During Month Work in Process Inventory Costs Beginning Inventory Costs Direct Materials View on Tableau Public Conversion Inventory Costs Added During Month Direct Materials 505071 Conversion Share 1. Prepare a production cost report for the mixing department. 2. Assume the mixing department budgeted conversion costs of $2.80 per equivalent unit for the month. Were the mixing department's actual conversion costs per equivalent unit above or below budgeted amounts? 3. If an error is made and the percent complete for units in ending inventory is overstated, what effect does this have on current period financial statements? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a production cost report for the mixing department. (Round "Cost per EUP" to 2 decimal places.) Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP Direct Materials Conversion Units % Complete EUP % Complete EUP Direct Materials Conversion Equivalent units of production Cost per EUP Total costs Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for Units % Complete EUP % Complete EUP Costs EUP Direct Materials EUP Cost per EUP Total cost EUP Cost per EUP Total cost Costs EUP Conversion Monsta Cola hires us to help assign and report costs. The company has two departments: mixing and bottling. To aid our analysis, the following Tableau Dashboard is provided with information for the mixing department. The company uses the weighted average method. Beginning inventory Work in Process Inventory (In Units) Units started this period Units completed and transferred Ending inventory 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 100% 80%- Work in Process Inventory Percent Complete Beginning Ending 100% 80%- 60%- 40%- 20%- Work in Process Inventory Percent Complete Beginning Ending 0% Direct Materials Conversion Direct Materials Conversion Work in Process Inventory Costs Beginning Inventory Costs Inventory Costs Added During Month Work in Process Inventory Costs Beginning Inventory Costs Direct Materials View on Tableau Public Conversion Inventory Costs Added During Month Direct Materials 505071 Conversion Share 1. Prepare a production cost report for the mixing department. 2. Assume the mixing department budgeted conversion costs of $2.80 per equivalent unit for the month. Were the mixing department's actual conversion costs per equivalent unit above or below budgeted amounts? 3. If an error is made and the percent complete for units in ending inventory is overstated, what effect does this have on current period financial statements? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a production cost report for the mixing department. (Round "Cost per EUP" to 2 decimal places.) Unit Reconciliation Units to account for Total units to account for Units accounted for Total units accounted for Equivalent Units of Production (EUP) Equivalent units of production Cost per EUP Direct Materials Conversion Units % Complete EUP % Complete EUP Direct Materials Conversion Equivalent units of production Cost per EUP Total costs Equivalent units of production Cost per equivalent unit of production Cost Assignment Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for Units % Complete EUP % Complete EUP Costs EUP Direct Materials EUP Cost per EUP Total cost EUP Cost per EUP Total cost Costs EUP Conversion